p managers of Cole Industries predicted 2024 sales of 14,400 units of its product at a unit price of $7.50. Actual sales for the year were 14,300 units at $11.00 each. Variable costs were budgeted at $2.10 per riable costs were $2.20 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $5,500. epare Cole's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? repare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. F e total variances. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 2 3 4 5 (1) - (3) (3)